REG - Clean Power Hydrogen - Additional purchase order from existing customer

Clean Power HydrogenAnnouncement

04/04/2022 12:30

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RNS Number : 1648H  Clean Power Hydrogen  04 April 2022

 

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is now considered to be in the public domain.

 

4 April 2022

 

Clean Power Hydrogen Plc

("CPH2", the "Company" or the "Group")

 

Additional purchase order from existing customer

 

CPH2, the UK-based green hydrogen technology and manufacturing company that
has developed the IP-protected Membrane-Free Electrolyser ("MFE"), is pleased
to announce that it has entered into a purchase order with AFCryo, a New
Zealand based manufacturer of composite cryostats and cryogenic cooling
systems, for the sale of a 1MW MFE220 electrolyser unit to be delivered in
early 2023. This is the second 1MW electrolyser unit that AFCryo has purchased
within 18 months.

 

CPH2 has an established working relationship with AFCryo and utilises the
AFCryo cryogenic cooling system in its MFEs. CPH2's MFE220 runs with 1MW of
input power with eight stacks and is capable of producing 450kg/day of high
purity hydrogen output. The stack is made of ubiquitous materials and
generates a mixed wet gas. The wet gas then passes through a series of driers
before entering the separation unit where the oxygen is cryogenically
separated from the hydrogen. The cold energy from this cryogenic process is
captured via a heat exchanger and used to super-cool the incoming mixed gas,
thereby improving the efficiency of the process. The MFE is scalable, easily
transported and assembled in the required scale and specification for the end
customer.

 

In May 2021 AFCryo placed an order for its first 1MW MFE220 electrolyser, with
delivery anticipated in September 2022. Additionally, in 2021, AFCryo was
appointed as a non-exclusive agent for the marketing and sale of the CPH2
electrolyser system in Australia, New Zealand and the Pacific Islands.

 

Both of these electrolysers will be used as part of the decarbonisation of New
Zealand's heavy transport fleet.

 

 

Jon Duffy, Chief Executive Officer of CPH2, commented:

 

"We are delighted to receive our second 1MW MFE order from AFCryo, another
positive commercial step for the Company. We have a strong working
relationship with AFCryo as the Group utilises its cryogenic cooling system in
our electrolysers and the further order of another electrolyser from the Group
shows the trust in each other's products. We very much look forward to
continuing our relationship with AFCryo and continuing our partnership in the
region."

 

Hugh Reynolds, Technical Director of AFCryo, commented:

 

"I am delighted to announce another purchase order with CHP2 whereby our close
commercial relationship and appreciation of each other's technical standards,
mean that we can enter into a purchase order knowing the high quality and
efficiency of the product. We see CPH2's membrane free technology as something
which is potentially game changing on a global scale for green hydrogen
manufacture and we are very happy to be both a supplier and customer to the
Group."

 

 

For more information, please contact:

 

 Clean Power Hydrogen Plc                    via Camarco
 Jon Duffy, Chief Executive Officer

 Cenkos Securities plc - NOMAD & Broker
 Neil McDonald                               +44 (0)131 220 9771
 Peter Lynch                                 +44 (0)131 220 9772
 Adam Rae                                    +44 (0)131 220 9778

 Camarco PR                                  + 44(0) 20 3 757 4980
 Billy Clegg
 Owen Roberts
 Monique Perks

 

To find out more, please visit: https://www.cph2.com (https://www.cph2.com)

 

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited ("Clean
Power") which has almost a decade of dedicated research and product
development experience. This experience has resulted in the creation of
simple, safe and sustainable technology which is designed to deliver a modular
solution to the hydrogen production market in a cost-effective, scalable,
reliable and long-lasting manner. The Group's strategic objective is to
deliver the lowest LCOH in the market in relation to the production of green
hydrogen. The Group's MFE technology is already commercially available and
demonstrating cost efficiencies and technological advantages. CPH2 is listed
on the AIM market and trades under the ticker LON:CPH2.

 

Overview of AFCryo

AFCryo is a technology development and commercialisation company specialising
in superconductivity, cryogenics and advanced composite structures.  It has
an underlying philosophy of supplying solutions that are environmentally
friendly and energy efficient.  This includes using their patented DPWG
cryocoolers for on-site production of medical oxygen, and liquid nitrogen for
artificial insemination programs, science, and general industry.  AFCryo have
a particular focus on Liquid Hydrogen, supplying mid-scale liquefaction to
complement their onboard storage and dispensing systems.  This is seen as
critical for enabling liquid hydrogen as a viable fuel.  AFCryo is a
privately owned, New Zealand based company.

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